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Why Is Congress Targeting Education Tax Credits
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Subscribe19 FEB 2025 / ECONOMY
The US Congress, currently led by Republicans, is considering abolishing the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC), two key tuition aids for students and families. The proposal raises concerns about increasing student debt and makes the future of the Department of Education uncertain, following President Trump's efforts to shut it down.
"Education is the most powerful weapon which you can use to change the world." – Nelson MandelaImagine receiving a scholarship, only to find out later that your tuition bill just got bigger. That’s exactly what’s happening with education tax credits right...
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